Wilma decides to sell business property to her daughter, Pebbles, who is starting her own business. The property is sold to Pebbles for its fair market value of $65,000 and Wilma has basis in the property of $80,000. Pebbles later sells the property to her friend Hugo four months later for $70,000. Determine Pebbles’ recognized gain or loss (if any). [BLANK-1]

Barnie purchased land five years ago for $250,000. In the current year, he gifts this land to his son, Bamm, when its fair market value is $350,000. No gift tax was owed on the transfer. Three months later, Bamm sells the land for $375,000. Bamm has basis in the land of:

Wilma and Fred are cash basis taxpayers, filing a joint tax return. They timely filed their 2024 tax return, in which they had total itemized deductions of $40,000 and an additional state tax balance due of $3,000. Also in 2025, they had state withholdings of $6,000 for the year, paid estimated state taxes of $1,000 January, $1,500 in April, June, September, and January 2026. Assuming this is all the information you have, and they itemized their deductions for their 2025 tax return, how much of their state income tax payments will they be able to claim as an itemized deduction?

Mr. Slate generated self-employment income of $170,000. He has no other income. Mr. Slate’s for AGI deduction is:

In the current year, Fred has a real estate rental activity, in which he is an active participant, that generated a $75,500 loss. Fred has another real estate rental activity, in which he is an active participant, that generated $42,300 of income. In addition, Fred has other passive activity income of $16,800. If Fred has AGI of $88,000, determine the amount (if any) of suspended losses he will carry over.

In 2025, Pebbles invested $90,000 for a 20% interest in a passive activity. The activity reported losses in 2025 of $68,000 in total. Also in 2025, Pebbles had passive income from a separate investment of $50,000. Which of the following statements is correct?

This question is worth 10 extra credit points.  A student finds three unlabeled compounds in a lab drawer with the following formulas: FeCl3 N2O4 H2SO3 PCl5 Mg(OH)2 Write the correct name for each compound. For each compound, identify whether it is ionic, molecular, acid, or base and explain how you determined this based on its formula. For each compound, explain how you determined the name,  and the naming rules used.  

Click hereto access an expanded view of the periodic table.

Which word did Jack laugh at himself for repeating too often?

You are building a sequence of visuals about screen time. Your first chart shows that average use has stayed stable for three years. Which role does this chart play in your story?